Society Of Certified Retirementfinancial Advisors Inc
Society Of Certified Retirementfinancial Advisors Inc faces severe financial distress with declining revenue and liabilities far exceeding assets.
EIN: 208160840 · Mustang, OK · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6K |
| Total Expenses | $3K |
| Program Spending | 70% |
| Net Assets | $-288,374 |
| Transparency Score | 20/100 |
Is Society Of Certified Retirementfinancial Advisors Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society Of Certified Retirementfinancial Advisors Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Society Of Certified Retirementfinancial Advisors Inc
Society Of Certified Retirementfinancial Advisors Inc (EIN: 208160840) is a nonprofit organization based in Mustang, OK, classified under NTEE code S41. The organization reported total revenue of $6K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Certified Retirementfinancial Advisors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of Certified Retirementfinancial Advisors Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -14.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $3K |
| Surplus / Deficit | +$3K |
| Total Assets | $3K |
| Total Liabilities | $291K |
| Net Assets | $-288,374 |
| Operating Margin | 48.3% |
| Debt-to-Asset Ratio | 10380.7% |
| Months of Reserves | 11.2 months |
Financial Health Grade: A
In 2020, Society Of Certified Retirementfinancial Advisors Inc reported a surplus of $3K with revenue exceeding expenses, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10380.7% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Society Of Certified Retirementfinancial Advisors Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -28.7% | -73.2% | -87.7% |
| 2019 | -56.1% | +18.9% | +149.6% |
| 2018 | +6.5% | +17.2% | -37.6% |
| 2017 | -20.0% | -59.1% | +178.4% |
| 2016 | -23.3% | -23.2% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Society Of Certified Retirementfinancial Advisors Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Society Of Certified Retirementfinancial Advisors Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10380.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or benefits were paid to officers, which is highly unusual for an active organization and could suggest volunteer leadership or a lack of paid staff.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Society Of Certified Retirementfinancial Advisors Inc's IRS 990 filings:
- Significant decline in revenue from $36,718 in 2013 to $5,805 in 2020.
- Massive liabilities ($291,179 in 2020) far exceeding assets ($2,805 in 2020).
- Expenses frequently exceeding revenue in recent years (e.g., 2019 expenses $11,188 vs. revenue $8,140).
- Lack of detailed expense breakdown in provided data, hindering full transparency assessment.
Strengths
The following positive indicators were identified for Society Of Certified Retirementfinancial Advisors Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries or benefits.
Frequently Asked Questions about Society Of Certified Retirementfinancial Advisors Inc
Is Society Of Certified Retirementfinancial Advisors Inc a legitimate charity?
Society Of Certified Retirementfinancial Advisors Inc (EIN: 208160840) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 20/100. It has 10 years of IRS 990 filings on record. Total revenue: $6K. 4 red flags identified. 1 strength noted. Financial health grade: A.
How does Society Of Certified Retirementfinancial Advisors Inc spend its money?
Society Of Certified Retirementfinancial Advisors Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Society Of Certified Retirementfinancial Advisors Inc tax-deductible?
Society Of Certified Retirementfinancial Advisors Inc is registered as a tax-exempt nonprofit (EIN: 208160840). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society Of Certified Retirementfinancial Advisors Inc's spending goes to programs?
Society Of Certified Retirementfinancial Advisors Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Society Of Certified Retirementfinancial Advisors Inc compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Society Of Certified Retirementfinancial Advisors Inc is below average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Society Of Certified Retirementfinancial Advisors Inc located?
Society Of Certified Retirementfinancial Advisors Inc is headquartered in Mustang, Oklahoma and files with the IRS under EIN 208160840. It is classified under NTEE code S41.
How many years of IRS 990 filings does Society Of Certified Retirementfinancial Advisors Inc have?
Society Of Certified Retirementfinancial Advisors Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6K in total revenue.
Is Society Of Certified Retirementfinancial Advisors Inc financially stable?
No, the organization is not financially stable. Its liabilities of $291,179 in 2020 significantly outweigh its assets of $2,805, and revenue has been consistently declining, indicating severe financial distress.
What caused the large increase in liabilities in 2019 and 2020?
The provided data does not specify the nature of the liabilities, but they jumped from $0 in 2018 to $313,941 in 2019, remaining high at $291,179 in 2020. This sudden and massive increase warrants further investigation into the organization's financial statements.
How does the organization fund its operations with declining revenue?
With revenue declining from $36,718 in 2013 to $5,805 in 2020, and expenses often exceeding revenue in recent years (e.g., $11,188 expenses vs. $8,140 revenue in 2019), the organization appears to be operating at a deficit and potentially relying on past reserves or incurring debt, as evidenced by the high liabilities.
Filing History
IRS 990 filing history for Society Of Certified Retirementfinancial Advisors Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Society Of Certified Retirementfinancial Advisors Inc's revenue has declined by 76.7%, moving from $25K to $6K. Total assets decreased by 74% over the same period, from $11K to $3K. Total functional expenses fell by 87.2%, from $23K to $3K. In its most recent filing year (2020), Society Of Certified Retirementfinancial Advisors Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $291K in liabilities against $3K in assets (debt-to-asset ratio: 10380.7%), resulting in net assets of $-288,374.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $6K | $3K | $3K | $291K | — | — |
| 2019 | $8K | $11K | $23K | $314K | — | View 990 |
| 2018 | $19K | $9K | $9K | $0 | — | View 990 |
| 2017 | $17K | $8K | $15K | $0 | — | View 990 |
| 2016 | $22K | $20K | $5K | $0 | — | View 990 |
| 2015 | $28K | $26K | $5K | $2K | — | View 990 |
| 2014 | $24K | $26K | $4K | $0 | — | View 990 |
| 2013 | $37K | $43K | $2K | $0 | — | View 990 |
| 2012 | $26K | $29K | $8K | $0 | — | View 990 |
| 2011 | $25K | $23K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $6K, expenses of $3K, and assets of $3K (revenue -28.7% year-over-year).
- 2019: Revenue of $8K, expenses of $11K, and assets of $23K (revenue -56.1% year-over-year).
- 2018: Revenue of $19K, expenses of $9K, and assets of $9K (revenue +6.5% year-over-year).
- 2017: Revenue of $17K, expenses of $8K, and assets of $15K (revenue -20.0% year-over-year).
- 2016: Revenue of $22K, expenses of $20K, and assets of $5K (revenue -23.3% year-over-year).
- 2015: Revenue of $28K, expenses of $26K, and assets of $5K (revenue +18.2% year-over-year).
- 2014: Revenue of $24K, expenses of $26K, and assets of $4K (revenue -34.6% year-over-year).
- 2013: Revenue of $37K, expenses of $43K, and assets of $2K (revenue +39.2% year-over-year).
- 2012: Revenue of $26K, expenses of $29K, and assets of $8K (revenue +6.0% year-over-year).
- 2011: Revenue of $25K, expenses of $23K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society Of Certified Retirementfinancial Advisors Inc:
Data Sources and Methodology
This transparency report for Society Of Certified Retirementfinancial Advisors Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.